International Journal of Commerce and Management Research

Authors
Amanjeet Kaur

Abstract
Tax is a very important aspect in any country. Revenue collected from taxes enables a country to provide services for its citizens and also development of its economy. Taxes have been broadly categorized into direct and indirect taxes. Direct taxes‟ include those taxes which are paid by the person on whom these are levied like income tax, wealth tax etc. On the other hand, „indirect taxes‟ are levied on one person, but paid by another e.g. sales tax, excise duty, custom duty etc. The direct tax which is paid by individual to the Central Government of India is known as Income Tax. In India Income tax is governed by the Income tax Act 1961. Income Tax is charge on total income earned by every person during the relevant previous year. The gross total income of a person is computed under five heads of income i.e. income from salary, income from house property, income from business and profession, income from capital gain and income from other sources. The objective of this study was to examine tax awareness among tax payer of Derabassi city. The study used descriptive research design. A sample of 60 individual tax payers were randomly taken from the city. The study used primary and secondary data sources. Data collected were analysed by using frequency and percentages and findings are interpreted accordingly.